On October 31, 2024, Estée Lauder issued a press release announcing its fiscal 2025 first quarter results. Among other items, Estée Lauder reported revenue of $3.36 billion, missing consensus estimates and representing a decline of 4.5% from the same period in the prior year. Estée Lauder attributed the results to "worsened consumer sentiment in China" and "lower replenishment orders in Asia travel retail," among other factors. The Company declared a quarterly dividend of $0.35 per share, a reduction of its previous quarterly dividend of $0.66 per share.
Following this news, Estée Lauder's stock price fell over 20% on the same day.
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